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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
REVENUES        
Patient fee revenue – net of contractual allowances and discounts $ 8,221 $ 7,129 $ 16,896 $ 13,205
Product sales – net 55 170 219 200
Service and repair fees – net 1,778 1,838 3,643 3,658
Service and repair fees - related parties – net 28 28 55 55
Management and other fees – net 12,316 12,092 24,436 24,342
Management and other fees - related medical practices – net 2,988 2,999 5,975 5,987
Total Revenues – Net 25,386 24,256 51,224 47,447
COSTS AND EXPENSES        
Costs related to patient fee revenue 4,602 4,023 9,029 7,822
Costs related to product sales 302 214 405 383
Costs related to service and repair fees 784 722 1,633 1,440
Costs related to service and repair fees - related parties 12 11 25 22
Costs related to management and other fees 7,208 6,622 14,231 13,124
Costs related to management and other fees – related medical practices 1,590 1,492 3,109 2,890
Research and development 416 342 883 691
Selling, general and administrative 5,587 6,598 10,453 12,932
Total Costs and Expenses 20,501 20,024 39,768 39,304
Income From Operations 4,885 4,232 11,456 8,143
Other Income (Expense) (208) 1 (197)
Other Income – Related party 577 577
Interest Expense (10) (12) (58) (27)
Investment Income 534 263 1,040 414
Income Before Provision for Income Taxes and Non controlling Interests 5,986 4,275 13,016 8,333
Provision for Income Taxes (1,366) (1,463) (3,036) (2,871)
Net Income 4,620 2,812 9,980 5,462
Net Income – Non controlling Interests (861) (580) (2,115) (1,183)
Net Income – Attributable to FONAR $ 3,759 $ 2,232 $ 7,865 $ 4,279